Fairly AI raises $2.2 million CAD to help AI firms comply with forthcoming regulatory requirements
Fairly wants to accelerate the broad use of fair and responsible AI.
Funding
BDC launches $150 million Sustainability fund in revamp of Industrial, Clean and Energy Technology Venture Fund
The Sustainability Venture Fund is set to complement BDC’s $400 million Climate Tech Fund.
Miovision acquires Global Traffic Technologies, raises $260 million from Telus, Maverix, EDC
Miovision is buying Global Traffic Technologies for $107 million USD.
Tab Commerce closes $1 million USD to help restaurants manage expenses
After growing up in the industry, Tab Commerce’s CEO has returned to his roots.
Kepler Communications raises $122.7 million CAD to launch more high-speed satellites
Kepler’s low earth to orbit satellites reportedly deliver speeds of 2.5 gigabytes per second.
Regina-based parking validation app Offstreet closes $1.2 million seed round
The app removes the need for human-verified parking exemptions.
ChargeLab secures $15 million, commercial partnerships with electric vehicle companies to expand US presence
ChargeLab touts itself as “the Android of EV charging.”
Mila secures $21 million from Québec government to support ethical AI research, projects
The provincial government also invested $14.3 million into ten incubators, accelerators.
Graphite Innovation & Technologies secures $10 million to help reduce emissions from marine shipping vessels
The Halifax startup provides sustainable coating for marine transportation.
MY01 raises $12.5 million CAD for microsensors that aid in physician diagnostics
Montréal medtech startup uses microsensors to help doctors diagnose acute compartment syndrome.
Round13 nabs $200 million first close for third fund as co-founders Bruce Croxon, John Eckert step back
Round13’s $150 million growth fund is also in the final stages of closing.
Ariglad raises $1.3 million to help HR teams communicate better, fulfill ticket systems
Ariglad’s AI directs employee questions swiftly to the right parties.
Startup TNT’s 2022 report maps over $3 million invested into startups, pan-Prairies expansion
The Alberta-based tech group is now live across all three Prairie provinces.
Down rounds in 2022 lower than expected amid reliance on bridge financing: Osler report
More firms rely on bridge financing to extend cash runway as they aim for later, higher valuations.
AutoLeap gears up for growth with $40 million CAD Series B
As a recession looms, AutoLeap and the car repair shops it serves stand to benefit.